22 Apr 2024
SURUHANJAYA SEKURITI MALAYSIA 1. ) LIM KOK BOON 2. ) CHEAH MEAN HAR
- Citation
- WA-22NCC-389-09/2017 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-389-09/2017 (Mahkamah Tinggi)
On the balance of probabilities the court found all statutory elements of insider trading satisfied: 1st defendant possessed inside information and communicated it to 2nd defendant (s188(3)); 2nd defendant acquired GWP shares while in possession of that information (s188(2)); the information was not generally available until the public announcement on 3 October 2012 (s184); defendants knew or ought reasonably to have known information was non-public and material (s188(1)); circumstantial evidence (close personal relationship, volume/timing/value of trades, proximate communications, missing SM…